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Market Analysis (Page 12)

2024-05-07
AUDUSD portrays “fakeout” on RBA’s status quo

On Tuesday, the RBA kept its monetary policy unchanged and dragged the AUDUSD pair back from an intraday high.

2024-05-06
USDJPY rebound appears elusive below 155.70

USDJPY bounces off a one-month low to snap a three-day winning streak early Monday

2024-05-03
Gold grinds within the falling wedge ahead of the US NFP

Gold price brace for the second consecutive weekly loss despite downbeat US Dollar performance.

2024-05-02
GBPUSD bull’s journey to retake control appears long and bumpy

GBPUSD grinds higher past 50% Fibonacci retracement of October 2023 to March 2024 upside.

2024-05-01
EURUSD drops toward key support line near 1.0600 on Fed Day

EURUSD remains pressured at the lowest level in a week, extending the late April’s retreat from 20-SMA.

2024-04-30
USDJPY reverses pullback from 34-year high on mixed Japan data

A mixed bag of Japan statistics triggered the USDJPY pair’s fresh run-up early Tuesday.

2024-04-29
200-EMA tests AUDUSD bulls as Fed-NFP week begins

AUDUSD remains on the front foot at the highest level in nearly a fortnight, after jumping the most on a week since December 2023.

2024-04-26
USDJPY refreshes 34-year high on BoJ’s dovish halt

USDJPY prints a three-day winning streak while rising to a fresh high since 1990.

2024-04-25
Gold sellers need validation from $2,298 and US GDP

Gold price portrays a four-day losing streak as market players brace for the first readings of the US Q1 2024 GDP.

2024-04-24
AUDUSD bulls approach 200-SMA hurdle on strong Australia inflation

AUDUSD rises to the highest level in a week, up for the third consecutive day.

2024-04-23
EURUSD seesaws within bear flag ahead of EU/US PMI for April

EURUSD struggles to defend the previous week’s rebound from a yearly low.

2024-04-22
GBPUSD rebounds from Golden Fibonacci ratio, “Falling Wedge” eyed

GBPUSD bears take a breather after a two-week downtrend as the quote bounces off the lowest level since mid-November 2023.